Globest Sectors

The 29-story Margaritaville Resort, brand inspired by the lyrics and lifestyle of singer, songwriter and best-selling author Jimmy Buffett, is to be developed by Sharif El-Gamal's Soho Properties in partnership with Chip and Andrew Weiss and MHP Real Estate Services.

Quality Care Properties has also entered into an agreement with ProMedica Health System for it to acquire HCR ManorCare when it completes its Chapter 11 bankruptcy.

Projects like HUBBARD221 saw a brisk pace of leasing over the winter.

The focus is creating the highest and best use for each site but construction and land costs add challenges to an already challenging situation, while community designs continue to be responsive to buyer needs.

Since 2000, Los Angeles has spent $28.4 billion on the construction of new multifamily product as the spending on single-family construction has fallen.

The private equity firm signed a 10-year lease for 13,460 square feet of space on the 16th floor of the 17-story building at 150 Second Ave. North in Downtown St. Petersburg.

“Occupancy costs with us will be cheaper than any traditional lease that they might sign.”

At the Crittenden National Real Estate Conference yesterday, panelists fear rising construction costs, rent control for California and a supply constrained market, but say housing cycle could go much longer this go around.